Panama Papers Reveal George Soros Had Offshore Business Investing in Arms Manufacturing

The Panama Papers are claiming their first neo-liberal “exceptional” victim, in the face of US Billionaire George Soros.

On May 9, the International Consortium of Independent Journalists (ICIJ) published a new tranche of documents on 320,000 offshore accounts that were leaked from the Panama-based law firm Mossack Fonseca. The newly released documents contain a variety of links to US billionaire George Soros, who established multiple offshore investment ventures, including a private equity partnership with the US based Carlyle Group. The partnership between the two groups oversaw investment in arms manufacturing using offshore businesses.

This should come as no surprise, considering that George Soros is one of the world’s biggest advocates of perpetual war, and funds dozens of non-profit organisations involved in regime change operations from Ukraine to Syria.

According to the Fox News broadcaster, the ICIJ did not mention Soros’ companies in the offshore leaks database except for just one investment group, the Quantum Group of Funds, which does not generate particular interest as an offshore company.

A special information request made by the channel revealed that Soros Capital established an offshore firm in the Cayman Islands in order to set a a private equity partnership with the Carlyle Group, an US asset management and financial services corporation specializing in buying and selling companies producing weapons and gathering intelligence data.

The Carlyle Group was also allegedly connected with members of Saudi Arabia’s bin Laden family, according to Fahrenheit 911 documentary film, and maintained ties with secret offshore firms to make its business.

In April, the German newspaper Sueddeutsche Zeitung exposed the alleged involvement of the world’s wealthy and influential people including a number of former and current leaders, in offshore schemes by publishing materials it claimed came from Mossack Fonseca, a Panama firm selling offshore companies.